Title 10, Insurance
0 chapters · 1,354 sections in this title.
Colo. Rev. Stat. § 10-3-1001 Short title
0.2K chars
This part 10 shall be known and may be cited as the Unauthorized Insurers Process Act. Source: L. 55: p. 478, � 6. CRS 53: � 72-19-5. C.R.S. 1963: � 72-18-5.
Colo. Rev. Stat. § 10-3-1002 Legislative declaration
1.3K chars
The purpose of this part 10 is to subject certain insurers to the jurisdiction of courts of this state in suits by or on behalf of insureds or beneficiaries under insurance contracts. The general assembly declares that it is a subject of concern that many residents of this state …
Colo. Rev. Stat. § 10-3-1003 Service of process upon unauthorized insurer
3.8K chars
(1) Any of the following acts in this state, effected by mail or otherwise, by an unauthorized foreign or alien insurer: The issuance or delivery of contracts of insurance to residents of this state or to corporations authorized to do business therein; the solicitation of applica…
Colo. Rev. Stat. § 10-3-1004 Defense of action by unauthorized insurer
3.1K chars
(1) Before any unauthorized foreign or alien insurer files or causes to be filed any pleading in any action, suit, or proceeding instituted against it, the unauthorized insurer shall either deposit cash or securities with the clerk of the court in which such action, suit, or proc…
Colo. Rev. Stat. § 10-3-1005 Attorney fees
1.0K chars
In any action against an unauthorized foreign or alien insurer upon a contract of insurance issued or delivered in this state to a resident thereof or to a corporation authorized to do business therein, if the insurer has failed for thirty days after demand prior to the commencem…
Colo. Rev. Stat. § 10-3-101 Formation of insurance companies
4.2K chars
(1) Whenever any number of persons associate to form an insurance company for any of the purposes named in section 10-3-102, they shall submit articles of incorporation to the commissioner and attorney general for examination. After being approved by the commissioner and the atto…
Colo. Rev. Stat. § 10-3-102 Purpose of organization or admittance
4.8K chars
(1) Any domestic insurance company having the required amount of capital or guaranty fund and surplus, when permitted by its articles of incorporation or charter, may be authorized and licensed by the commissioner to make insurance under one of the following paragraphs: (a) To ma…
Colo. Rev. Stat. § 10-3-103 Names of companies
1.1K chars
No domestic insurance company shall adopt the name of any existing company transacting a similar business nor any name so similar as to be calculated to mislead the public, but any domestic mutual or mutual assessment insurance company, upon complying with the terms and condition…
Colo. Rev. Stat. § 10-3-104 Unauthorized companies - penalties
4.8K chars
Except for reinsurance by an authorized insurer or insurance effected pursuant to the provisions of article 5 or article 15 of this title 10, it is unlawful for any person, company, or corporation in this state to procure, receive, or forward applications for insurance in, or to …
Colo. Rev. Stat. § 10-3-105 Certificate of authority to do business - companies prohibited - definitions
5.8K chars
(1) Except pursuant to the provisions of article 5 of this title, no foreign or domestic insurance company shall transact any insurance business in this state, unless it first procures from the commissioner a certificate of authority stating that the requirements of the laws of t…
Colo. Rev. Stat. § 10-3-106 Deemed incorporated under corporation law
3.7K chars
All insurance companies having capital stock, incorporated under the laws of this state, are deemed to be incorporated under the general corporation laws of this state; but, excepting any provision of existing insurance laws which may purport to prescribe the law under which insu…
Colo. Rev. Stat. § 10-3-107 Appointment of registered agent to receive service of process - commissioner required to maintain list - when service of process may be made on commissioner
3.8K chars
(1) (a) An insurance company shall not engage in the business of insurance in this state unless it has filed with the commissioner the name of a registered agent in this state designated to receive service of process. (b) The commissioner shall maintain a list of registered agent…
Colo. Rev. Stat. § 10-3-108 File duly certified copy of charter
4.3K chars
Except pursuant to the provisions of article 5 of this title, no foreign insurance company shall transact any business in this state unless it first files in the office of the commissioner a duly certified copy of its charter, articles of incorporation, or deed of settlement, tog…
Colo. Rev. Stat. § 10-3-109 Reports, statements, assessments, and maintenance of records - publication - penalties for late filing, late payment, or failure to maintain
2.0K chars
(1) Every insurance company doing business in this state, on or before the first day of March in each year, shall submit to the commissioner a report, signed and certified by its chief officers, of its condition on the preceding thirty-first day of December, which shall include a…
Colo. Rev. Stat. § 10-3-110 Remuneration of company officials. (Repealed)
0.2K chars
Source: L. 13: p. 354, � 52. C.L. � 2525. CSA: C. 87, � 67. CRS 53: � 72-3-14. C.R.S. 1963: � 72-3-14. L. 71: p. 718, � 1. L. 81: Entire section repealed, p. 524, � 1, effective March 27.
Colo. Rev. Stat. § 10-3-1101 Legislative declaration
1.6K chars
(1) The purpose of this part 11 is to regulate trade practices in the business of insurance by defining, or providing for the determination of, all such practices in this state that constitute unfair methods of competition or unfair or deceptive acts or practices, and by prohibit…
Colo. Rev. Stat. § 10-3-1102 Definitions
55.7K chars
As used in this part 11, unless the context otherwise requires: (1) Commissioner means the commissioner of insurance. (2) Insurance policy or insurance contract means any contract of insurance, indemnity, medical or hospital service, suretyship, or annuity issued, proposed for is…
Colo. Rev. Stat. § 10-3-1103 Unfair methods of competition - unfair or deceptive acts or practices - prohibited
0.3K chars
No person shall engage in this state in any trade practice which is defined in this part 11 as, or determined pursuant to section 10-3-1107 to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.
Colo. Rev. Stat. § 10-3-1104 Unfair methods of competition - unfair or deceptive practices - rules - definitions
70.7K chars
(1) The following are defined as unfair methods of competition and unfair or deceptive acts or practices in the business of insurance: (a) Misrepresentations and false advertising of insurance policies: Making, issuing, circulating, or causing to be made, issued, or circulated, a…
Colo. Rev. Stat. § 10-3-1104.5 HIV testing - legislative declaration - definitions - requirements for testing - limitations on disclosure of test results - penalty
9.4K chars
(1) The general assembly declares that a balance must be maintained between the need for information by those conducting the business of insurance and the public’s need for fairness in practices for testing for the human immunodeficiency virus, including the need to minimize intr…
Colo. Rev. Stat. § 10-3-1104.6 Genetic information - limitations on disclosure of information - liability - definitions - legislative declaration
16.5K chars
(1) The general assembly hereby finds and determines that recent advances in genetic science have led to improvements in the diagnosis, treatment, and understanding of a significant number of human diseases. The general assembly further declares that: (a) Genetic information is t…
Colo. Rev. Stat. § 10-3-1104.7 Genetic testing - legislative declaration - definitions - limitations on disclosure of information - liability
9.1K chars
(1) The general assembly hereby finds and determines that recent advances in genetic science have led to improvements in the diagnosis, treatment, and understanding of a significant number of human diseases. The general assembly further declares that: (a) Genetic information is t…
Colo. Rev. Stat. § 10-3-1104.8 Domestic abuse discrimination - prohibited
14.9K chars
(1) As used in this section, unless the context otherwise requires: (a) Domestic abuse means the occurrence of one or more of the following acts between family members, current or former household members, or persons who are or have been involved in an intimate relationship: (I) …
Colo. Rev. Stat. § 10-3-1104.9 Insurers’ use of external consumer data and information sources, algorithms, and predictive models - unfair discrimination prohibited - rules - stakeholder process required - investigations - definitions
22.7K chars
(1) In addition to the methods and practices prohibited pursuant to section 10-3-1104 (1)(f), an insurer shall not, with regard to any insurance practice: (a) Unfairly discriminate based on race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gen…
Colo. Rev. Stat. § 10-3-1105 Favored agent or insurer - coercion of debtors
2.2K chars
(1) No person may: (a) Require, as a condition precedent to the lending of money, or extension of credit, or to entering into any lease transaction, or any renewal of any of them, that the person to whom such money or credit is extended, or the lessee, or the person whose obligat…
Colo. Rev. Stat. § 10-3-1106 Power of commissioner
0.4K chars
The commissioner shall have power to examine and investigate into the affairs of every person engaged in the business of insurance in this state in order to determine whether such person has been or is engaged in any unfair method of competition or in any unfair or deceptive act …
Colo. Rev. Stat. § 10-3-1107 Hearings
0.9K chars
Whenever the commissioner has reason to believe that any person has been engaged or is engaging in this state in any unfair method of competition or any unfair or deceptive act or practice, whether defined or reasonably implied in this part 11, or has violated any other provision…
Colo. Rev. Stat. § 10-3-1108 Orders
3.0K chars
(1) If, after a hearing conducted under section 10-3-1107, the commissioner determines that the person charged has engaged in an unfair method of competition or an unfair or deceptive act or practice or has violated any other provision of this title or any rule or lawful order of…
Colo. Rev. Stat. § 10-3-1109 Penalty for violation of cease-and-desist orders
0.6K chars
(1) Any person who violates a cease-and-desist order of the commissioner issued under section 10-3-1108, and while such order is in effect, may, after notice and hearing and upon order of the commissioner, be subject, at the discretion of the commissioner, to any one or more of t…
Colo. Rev. Stat. § 10-3-111 Violations - penalty
5.8K chars
Except for violations of section 10-3-104 or article 15 of this title 10, any officer, director, stockholder, attorney, or agent of any corporation or association who violates any of the provisions of this title 10 and article 14 of title 24, who participates in or aids, abets, o…
Colo. Rev. Stat. § 10-3-1110 Rules
2.4K chars
(1) The commissioner may, after notice and hearing, as provided in article 4 of title 24, C.R.S., promulgate reasonable rules and regulations as are necessary or proper to identify specific methods of competition or acts or practices which are prohibited by sections 10-3-1104 and…
Colo. Rev. Stat. § 10-3-1111 Provisions of part 11 additional to existing law
0.3K chars
The powers vested in the commissioner by this part 11 shall be additional to any other powers to enforce any monetary or other penalties or forfeitures authorized by law with respect to the methods, acts, and practices declared in this part 11 to be unfair or deceptive. Source: L…
Colo. Rev. Stat. § 10-3-1112 Immunity from prosecution
1.9K chars
(1) If any person asks to be excused from attending and testifying or from producing any books, papers, records, correspondence, or other documents at any hearing on the ground that the testimony or evidence required of him may tend to incriminate him or subject him to a penalty …
Colo. Rev. Stat. § 10-3-1113 Information to trier of fact in civil actions
1.2K chars
(1) In any civil action for damages founded upon contract, or tort, or both against an insurance company, the trier of fact may be instructed that the insurer owes its insured the duty of good faith and fair dealing, which duty is breached if the insurer delays or denies payment …
Colo. Rev. Stat. § 10-3-1114 Construction of part 11
0.4K chars
Except as provided in sections 10-3-1115 and 10-3-1116, nothing in this part 11 shall be construed to create a private cause of action based on alleged violations of this part 11 or to abrogate any common law contract or tort cause of action. Source: L. 87: Entire section added, …
Colo. Rev. Stat. § 10-3-1115 Improper denial of claims - prohibited - definitions - severability
5.4K chars
(1) (a) A person engaged in the business of insurance shall not unreasonably delay or deny payment of a claim for benefits owed to or on behalf of any first-party claimant. (b) For the purposes of this section and section 10-3-1116: (I) First-party claimant means an individual, c…
Colo. Rev. Stat. § 10-3-1116 Remedies for unreasonable delay or denial of benefits - required contract provision - frivolous actions - severability - definition - rules
2.8K chars
(1) A first-party claimant as defined in section 10-3-1115 whose claim for payment of benefits has been unreasonably delayed or denied may bring an action in a district court to recover reasonable attorney fees and court costs and two times the covered benefit. (2) An insurance p…
Colo. Rev. Stat. § 10-3-1117 Required disclosures - liability - definition
2.4K chars
(1) Not more than thirty calendar days after receiving a written request from an insured party, an insurer that issues a commercial automobile or personal automobile policy of insurance for delivery in this state shall provide to the insured party a copy of the complete policy of…
Colo. Rev. Stat. § 10-3-1118 Failure-to-cooperate defense
2.6K chars
(1) To plead or prove a failure-to-cooperate defense in an action concerning an insurance policy providing first-party benefits or coverage, each of the following conditions must be met before the defense is asserted in a court of law or an arbitration: (a) The insurer has submit…
Colo. Rev. Stat. § 10-3-1119 Policy documents - language consistent with advertisement for product - definitions. (Repealed)
0.6K chars
C.R.S. 10-3-1119Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 10-3-112 Directors - terms - election - conflicts of interest - recovery of profits
5.8K chars
(1) (a) The business of insurance companies incorporated under the laws of this state shall be managed by a board of directors consisting of such number of directors, not less than three, as may be prescribed by the articles of incorporation or bylaws, and said directors shall ho…
Colo. Rev. Stat. § 10-3-113 Increase of capital
1.2K chars
(1) Any such corporation organized and duly licensed by the commissioner to conduct an insurance business may sell additional stock or increase its capital for the purpose, in the manner, and to the extent prescribed by law, but the expense incurred in connection with such sale s…
Colo. Rev. Stat. § 10-3-114 Violations - penalty
0.5K chars
Any officer, director, clerk, employee, or agent of any such company who receives or pays out, or orders the payment of, any money, or incurs any obligation for the payment of money, in violation of the terms of section 10-3-113 commits a class 2 misdemeanor. Source: L. 13: p. 34…
Colo. Rev. Stat. § 10-3-115 License required of foreign companies. (Repealed)
0.2K chars
Source: L. 13: p. 347, � 34. C.L. � 2505. CSA: C. 87, � 32. CRS 53: � 72-1-46. C.R.S. 1963: � 72-1-46. L. 92: Entire section repealed, p. 1538, � 30, effective May 20.
Colo. Rev. Stat. § 10-3-116 Sale of stock without license - penalty. (Repealed)
0.2K chars
Source: L. 13: p. 347, � 35. C.L. � 2506. CSA: C. 87, � 33. CRS 53: � 72-1-47. C.R.S. 1963: � 72-1-47. L. 92: Entire section repealed, p. 1538, � 31, effective May 20.
Colo. Rev. Stat. § 10-3-117 License automatically extended - when
0.7K chars
When the annual statement of an insurance company licensed to do business in this state has been filed and the company's check or cash for the amount of all fees and taxes required has been tendered, the company's license to do business in this state shall be automatically extend…
Colo. Rev. Stat. § 10-3-118 Reinsurance - conditions - credit for reinsurance. (Repealed)
0.8K chars
Source: L. 25: p. 318, � 10. CSA: C. 87, � 51. L. 51: p. 488, � 1. CRS 53: � 72-2-12. C.R.S. 1963: � 72-2-10. L. 71: p. 707, � 1. L. 79: Entire section R&RE, p. 380, � 1, effective May 25. L. 85: (7)(a)(IV) added, p. 378, � 1, effective July 1. L. 86: (6)(c) and (6)(d) added, p. …
Colo. Rev. Stat. § 10-3-119 Application for receivership. (Repealed)
0.2K chars
Source: L. 25: p. 319, � 11. CSA: C. 87, � 52. CRS 53: � 72-2-13. L. 63: p. 290, � 8. C.R.S. 1963: � 72-2-11. L. 92: Entire section repealed, p. 1424, � 4, effective July 1.
Colo. Rev. Stat. § 10-3-120 Investments of officers, directors, and principal stockholders
5.5K chars
(1) (a) Every person who is directly or indirectly the beneficial owner of more than ten percent of any class of equity security of a domestic stock insurance company or who is a director or an officer of such company shall file in the office of the commissioner within ten days a…
Colo. Rev. Stat. § 10-3-1201 Legislative declaration
0.3K chars
The purpose of section 10-3-210 (2) and this part 12 is to authorize domestic insurance companies to utilize modern systems for holding and transferring securities without physical delivery of securities certificates, subject to appropriate regulations of the commissioner. Source…